Short RHTOur Quant Algo has been flashing a short signal on RHT.
Expect the price to go down by at least 2.5 %.
** This signal is the result of a quantitative analysis.
RHT
S&P 500 Breakdown Confirms Earlier Bearish SignalsThe S&P 500 broke down below its 50DMA again and looks set for a 200DMA test. This move confirmed earlier bearish signs.
S&P 500 Breakdown Confirms Earlier Bearish Signals drduru.com $SPY $QQQ #AT40 #T2108 #VIX $IWM $CPB $NFLX $LEN $EEM $RHT $THO $WGO $WYNN $AUDJPY #forex
Stock Market Bears Increase the PressureThe trading action over the last 2 days validated my bearish stance as small caps and tech finally sustained a tumble deep enough to matter.
Stock Market Bears Increase the Pressure drduru.com $SPY $QQQ $XLP $XLF $XLI $XLP $AXON #VIX #AT40 #T2108$BHP $USO $SLV $BOTZ $CAT $INTC $KMX $RHT $SPLK $WHR $WIX
Sep 25 Earnings: Red Hat is Overextended Red Hat has been on a tare recently, gaining over 50% YTD on behalf of strong partnerships and acquisition synergies.
The company has successfully boosted revenues and upped its guidance in most recent quarters.
Red Hat's new product deployment has boosted subscriptions.
I believe the company will beat their earnings estimates on Monday, but guidance should be limited with its partners growth stagnating with stiff competition.
The company's competition as well, will limit its guidance prospects for the FQ2 2018.
I believe a correction will occur following the release of their earnings and have a $100 PT for the next 2 months.
RHT - Short from 72.83 up to 60 areaIn long frame RHT forming a head & shoulder pattern & in short frame it is breaking down from an upward channel. Money-flow is heading down.
We think it may fall down to 60 area, and break of 72.85 will be good short entry.
On the option side we are looking for Jan17, 75 put, last traded for $5.5
You can check our detailed analysis on RHT in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 5:10"
Trade Status:
RHT Day Trade Perfect Gap N Go (Brad Reed Mar26,2015)RHT expected around 72.10 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
RHT Retest Gap Day Trade Swing Trade (Brad Reed Jan14,2015)RHT expected to open at 65.60 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com Might make island reversal today...
